Malaysia's Carsome used car selling platform raises $30 million in a Series D round.

Carsome has gone beyond just a used car selling platform to an end-to-end platform providing a multitude of services.


Alfred Lee

8 Dec, 2020

Malaysia's Carsome used car selling platform raises $30 million in a Series D round. | BEAMSTART News

- From our Sponsors -

Carsome, the Malaysian company best known for providing a platform for people to buy and sell used cars, has raised $30 million in a Series D funding round.

The round was led by Asia Partners, with participation from existing investors Ondine Capital and Burda Principal Investments.

One of Carsome's outlets in Malaysia.

Founded in 2015, Carsome has evolved from an online used car marketplace to an end-to-end solutions platform for consumers and used car dealers.

The company provides a wide range of services ranging from car inspection, to ownership, and even financing.

Aside from Malaysia, Carsome has operations across Indonesia, Thailand, and Singapore, with over 1000 employees in total

The firm claims it currently transacts over $600 million in transaction value yearly, and has achieved operational profitability since October.

The Carsome leadership team.

With the fresh funds, Carsome plans to strengthen their offerings for both consumers and businesses.

The company also plans to make strategic acquisitions to consolidate their supply chain and grow their ancillary revenues.

 “Over the past six months, we have doubled our monthly revenue compared to pre-pandemic levels, a dramatic acceleration due to the impact of the ongoing COVID-19 pandemic on consumer behaviour across our region. Consumers across our core markets of Malaysia, Indonesia, Thailand, and Singapore are increasingly purchasing cars to keep their families safe and adapt their businesses,” mentions Eric Cheng, CEO of Carsome.

- From our Sponsors -

Latest Jobs

Sofware Engineer, AI/ML

Greenlite

California,

Full Time

Salary Undisclosed

Founding Team Member: Sales

Corgi

Illinois,

Full Time

USD 70000 — USD 150000 yearly

Product Lead - AI Platform

Vahan

Karnataka,

Full Time

USD 5000000 — USD 8000000 yearly

Senior Fullstack Engineer

Laylo

Full Time

USD 100000 — USD 175000 yearly

AI-Native Engineer (Frontend/Full-stack)

Pincites

California,

Full Time

USD 135000 — USD 185000 yearly

Product Engineer (AI)

ClaimSorted

England,

Full Time

USD 69998 — USD 150000 yearly

Founding Engineer — Medical AI Agents

Dench.com

New York,

Full Time

USD 100000 — USD 200000 yearly

Software Engineer

Agave

California,

Full Time

USD 130000 — USD 240000 yearly

Business Operations

Giga

California,

Full Time

USD 100000 — USD 130000 yearly

Founding Private Equity Strategist

Keye

New York,

Full Time

USD 150000 — USD 250000 yearly

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia

Work Experience Not Specified

Education Not Specified

beamstart.com

Also Mentioned

Carsome

Smarter, easier way to car buying & selling. Sell your used car with us within 30 mins & compare upfront exslusive offers from our Certified Dealers when buying new car to get the best deal.


Asia Partners

Building Southeast Asia’s Next Generation of Tech Giants


Burda Principal Investments

Later stage venture investing focused on digital marketplaces & platforms

More Related Stories

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).